HSN, Inc. (HSNI) Stock Rating Lowered by BidaskClub

HSN, Inc. (NASDAQ:HSNI) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

Several other equities research analysts also recently issued reports on HSNI. FBR & Co increased their price objective on shares of HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, July 12th. Maxim Group set a $61.00 price objective on shares of HSN and gave the stock a “buy” rating in a research report on Friday, July 7th. Sidoti downgraded shares of HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. Aegis lowered their price objective on shares of HSN from $39.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.38.

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HSN (NASDAQ HSNI) traded up 0.29% during trading on Friday, hitting $35.05. 763,369 shares of the stock traded hands. The company has a market capitalization of $1.84 billion, a P/E ratio of 15.72 and a beta of 1.34. The company’s 50 day moving average is $37.98 and its 200 day moving average is $36.06. HSN has a one year low of $30.75 and a one year high of $44.00.

HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. HSN had a net margin of 3.36% and a return on equity of 64.60%. The company had revenue of $821.40 million during the quarter, compared to the consensus estimate of $831.18 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, equities analysts forecast that HSN will post $2.43 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC increased its position in HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock worth $204,000 after buying an additional 18 shares during the period. US Bancorp DE increased its position in HSN by 0.4% in the second quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock worth $139,000 after buying an additional 19 shares during the period. TD Asset Management Inc. increased its position in HSN by 0.8% in the first quarter. TD Asset Management Inc. now owns 12,520 shares of the specialty retailer’s stock worth $464,000 after buying an additional 100 shares during the period. Retirement Systems of Alabama increased its position in HSN by 0.3% in the first quarter. Retirement Systems of Alabama now owns 41,241 shares of the specialty retailer’s stock worth $1,530,000 after buying an additional 129 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in HSN by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 25,764 shares of the specialty retailer’s stock worth $822,000 after buying an additional 149 shares during the period. 58.54% of the stock is owned by institutional investors and hedge funds.

HSN Company Profile

HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.